LONDON: Helios Underwriting, the only publicly traded investment vehicle offering access to a diverse portfolio of syndicates at Lloyd’s, the world’s largest insurance market, announced the appointment of Louis Tucker as Chief Executive Officer. Subject to regulatory approval, it is anticipated that Louis will assume the role as CEO and join the Board in October. Louis…
Category: London Stock Exchange
News and updates from London Stock Exchange
Savannah Energy to acquire Norfund’s stake in Klinchenberg for $65.4 million
LONDON: Savannah Energy PLC, a British independent energy company focused on African infrastructure, announced Friday that its subsidiary, Savannah Energy EA Limited, will sign a Share Purchase Agreement with Norfund to acquire the Norwegian fund’s 50.1% stake in Klinchenberg BV for up to $65.4 million. The agreement, expected to be signed later Friday during a…
IG Group Holdings has acquired Independent Reserve for £86.8 million
LONDON: IG Group Holdings plc announced the acquisition of Independent Reserve, a leading cryptocurrency exchange based in Australia, for an initial enterprise value of A$178 million (£86.8m). The bolt-on transaction accelerates IG’s entry into cryptocurrency markets in the Asia Pacific region and brings a talented team of crypto-native specialists to the Group. It complements the…
NEXT plc reports strong H1 profit growth, warns of UK economic headwinds
Profit before tax reached £515 million, up from £452 million a year earlier LONDON: British fashion and homeware retailer NEXT plc reported a 13.8% rise in profit before tax for the six months ending July 2025, driven by robust international sales and expanding online operations. However, the company cautioned that economic pressures in the UK…
M&C Saatchi H1 profit falls amid Australian weakness, targets FY profit stability
The advertising and communications group posted net revenue of £103.8 million, down 5.1% LONDON: M&C Saatchi PLC (SAA.L) reported a 36% drop in like-for-like operating profit for the six months ended June 30, 2025, as macroeconomic uncertainty and client caution weighed on second-quarter performance, particularly in Australia. The advertising and communications group posted like-for-like net…
Tavistock Investments posts £11 million operating profit, plans rebrand to Vertex Money
LONDON: Tavistock Investments Plc (AIM:TAVI) reported an operating profit of £11.07 million for the year ended March 31, 2025, reversing a £0.4 million loss a year earlier, as the UK-based retail advisory firm undertook a strategic overhaul including asset disposals, acquisitions, and a planned rebrand. Adjusted EBITDA fell to £1.76 million from £2.23 million, impacted…
Aeorema Communications reports record revenue, strategic progress in interim results
Revenue reached £20.4 million, edging past last year’s £20.3 million LONDON: Aeorema Communications plc (AIM: AEO), a leading strategic communications group, reported record revenue and strong operational momentum in its unaudited interim results for the 12 months ended June 30, 2025, underscoring the success of its restructuring program and international expansion. Revenue reached £20.4 million,…
INSPECS Group reports lower H1 revenue amid tariff disruption, eyes full-year guidance
Revenue for the six months ended June 30 fell to £97.6 million, down from £100.6 million in the same period last year LONDON: INSPECS Group plc, a global eyewear designer and manufacturer, reported a slight dip in first-half revenue for 2025, citing macroeconomic headwinds and ongoing tariff disruptions affecting exports from China to the United…
PRS REIT agrees to £646 million sale of property subsidiary to Waypoint-advised Fund
LONDON: The PRS REIT has entered into non-binding heads of terms for the proposed £646.2 million sale of its operating subsidiary, PRS REIT Holding Company Limited, to a vehicle wholly owned by a fund advised by Waypoint Asset Management. The deal, subject to shareholder approval and due diligence, would transfer ownership of the REIT’s entire…
GSK to invest $30 billion in R&D and manufacturing in the United States over next 5 years
· Includes new $1.2 billion investment announced today in manufacturing facilities, AI and advanced digital technologies, creating hundreds of highly skilled U.S. jobs · New facilities will bridge R&D and manufacturing across both the U.S. and U.K., strengthening the two countries’ leadership in life sciences LONDON: GSK plc (LSE/NYSE: GSK) today announced plans to invest $30 billion…
Thrive Homes and Watford Community Housing begin merger talks to boost affordable housing
LONDON: Thrive Homes and Watford Community Housing have announced they are in formal discussions over a potential merger, which would create a new customer-focused Community Gateway housing association – significantly strengthening the delivery of affordable housing across Hertfordshire and their wider operating areas. Boards of both housing associations have approved an outline business case for…
Fintel Plc reports strong H1 results; Advances strategic shift to software and data model
For the six months ended June 30, 2025, group revenue rose 18.6% to £42.4 million LONDON: Fintel plc (AIM: FNTL), a leading provider of software and support services to the UK retail financial services sector, reported robust half-year results Tuesday, underscoring its strategic transformation and integration of nine acquisitions. For the six months ended June…